Dunelm Group (LON:DNLM) Trading 12.7% Higher – Here’s Why

Shares of Dunelm Group plc (LON:DNLM) rose 12.7% during mid-day trading on Friday . The company traded as high as GBX 1,074 ($14.25) and last traded at GBX 1,068.64 ($14.18). Approximately 894,765 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 873,135 shares. The stock had previously closed at GBX 948 ($12.58).

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,270 ($16.85) target price on shares of Dunelm Group in a research note on Tuesday, February 11th. Shore Capital reaffirmed a “not rated” rating on shares of Dunelm Group in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,242.50 ($16.49).

Dunelm Group Price Performance

The company has a market cap of £2.16 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The business’s 50 day moving average price is GBX 945.11 and its 200-day moving average price is GBX 1,042.47. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84.

Dunelm Group (LON:DNLM) last posted its quarterly earnings results on Tuesday, February 11th. The company reported GBX 45.20 ($0.60) earnings per share (EPS) for the quarter. Dunelm Group had a net margin of 8.86% and a return on equity of 96.64%. As a group, analysts forecast that Dunelm Group plc will post 77.0957096 earnings per share for the current year.

About Dunelm Group

Dunelm is the UK’s market leader in homewares with a purpose ‘to help create the joy of truly feeling at home, now and for generations to come’. Its specialist customer proposition offers value, quality, choice and style across an extensive range of c.70,000 products, spanning multiple homewares and furniture categories and including services such as Made to Measure window treatments.